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    OFF-MARKET
    Land

    281 Lateral C Rd, Wapato, WA 98951

    58.59 ac lot
    Property ID
    Property summary
    AI-generated overview

    This exceptional investment opportunity encompasses 58.59 deeded acres of prime agricultural land in Wapato, Washington, within Yakima County. The property, identified by APN numbers 181101-22001, 181101-23406, and 181101-23404, is zoned AG and situated on the Yakama Nation Reservation. Ownership is fee simple, allowing for traditional deed transfer. The orchard, cultivated for decades, boasts 51.24 acres of planted cropland, including 37.17 acres of apple trees (Red Delicious, Golden Delicious, Gala, Granny Smith, and Cosmic Crisp varieties) and 14.07 acres of Bartlett pear trees. Fruit is sold via yearly contracts to local processors and packing sheds. Irrigation is secured through surface water rights from the Wapato Irrigation Project (WIP), with 55.60 acres designated as irrigable, and a 2024 assessment of $4,961.18. These water allocations are not subject to Reclamation Reform Act limitations. The property includes a single-family residence, a substantial shop, and various agricultural buildings on a separate parcel. The orchard (asking $875,000) and the residential parcel (asking $475,000) are offered together for a combined asking price of $1,350,000. The residential parcel is only available for purchase with the orchard. 2024 property taxes total $4,894.56. The remaining 7.35 acres comprise out-ground, roads, and other areas.

    Property profile
    Verified
    Property type Land
    Lot 58.59 ac (2,552,180 SF)
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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